Quote:
Originally Posted by Mrprez
My financial advisor (who hates paying taxes) rolled my inherited annuity into an annuity at Lincoln Life. There were several options there. I have it setup to generate a monthly taxable income with a life insurance component for my wife or other beneficiaries.
I paid no tax on the rollover but I do pay income tax on the monthly income. I have been taking these distributions for two years now and there is more in the annuity than when I started.
Others may disagree, but for me this is perfect.
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Would it be the Lincoln Advantage indexed variable annunity?